It is reported that the Biden administration is likely to launch a new "Indo-Pacific Economic Framework" in the near future, and cooperate more closely with the so-called "friendly countries" in the Indo-Pacific region in some areas.
It would be the first broad Indo-Pacific economic strategy launched by Biden under his presidency, aimed at filling the void left by Trump's 2017 withdrawal from the Trans-Pacific Partnership (TPP).
What will the "Indo-Pacific Economic Framework" contain and how will it be presented?
What are the possible participating countries?
What does it mean for Sino-US relations?
From the briefings the Biden administration has disclosed since October 2021, we know it could address areas such as trade facilitation, digital economy and technology standards, supply chain resilience, decarbonization and clean energy, infrastructure, worker standards, and more.
In September last year, the United States, Britain and Australia formed the Indo-Pacific regional security alliance AUKUS.
(Associated Press)
Because the Indo-Pacific team of the Biden administration realized early in its inauguration that large symbolic alliances have proven to be ineffective, and dealing with U.S. ally countries requires a case-by-case approach and tailor-made plans for specific issues, the “Indo-Pacific Economic Framework” "It is also very likely that it will not be a one-time package of motions, but will provide a broader platform for relevant countries in the region, and then invite different countries to negotiate and negotiate according to their own interests.
For similar considerations, the Biden administration generally does not want to cast the net too wide. So, which countries will be involved?
For details, please read "Hong Kong 01" e-weekly issue 304 (February 14, 2022)
"Will Biden's "Indo-Pacific Economic Framework" ignite Sino-US friction?
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